Huge Put Trade in Emerging Markets

The biggest option action of the day so far is a single trade in the iShares Emerging Markets Fund.

A trader sold a block of 99,999 November 40.50 puts for the bid price of $0.42 against open interest of more than 137,000 contracts, according to optionMONSTER’s Depth Charge system. Seconds later he or she bought 99,999 Weekly 40 puts for the ask price of $0.62.

Those weekly puts are new contracts introduced in the EEM and nine other underlying assets this week, which now have a full month of consecutive weekly options to trade. The EEM is now fourth on today’s top-volume list, now with 373,000 options traded.

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— Option Monster

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